Daimler Holders Seeking Clarity on Li's Role Get Few Answers
- Shareholders concerned on technology transfer to China
- Carmakers face trade headwinds as China, US spat intensifies
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Daimler AG investors received little to ease concerns over technology sharing and the future of a corporate overhaul after Chinese billionaire Li Shufu became the carmaker’s largest shareholder.
The company is open to explore joint projects with Li Shufu, who has held a 9.7 percent stake since February, provided they don’t interfere with plans of its existing Chinese partners, Chief Executive Officer Dieter Zetsche said at the Stuttgart, Germany-based company’s annual meeting in Berlin. He signaled that any of these projects might be largely confined to the world’s biggest car market.